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ASIC puts regulation on backburner

ASIC puts regulation on backburner

by Shared by the ifa | Apr 15, 2020 | News

ASIC has delayed activities it considers “not immediately necessary” – including consultations, regulatory reports and reviews – and halted all onsite supervisory work. Read more at the ifa. 
No compliance activity for loan relief in FY20, says ATO

No compliance activity for loan relief in FY20, says ATO

by Shared by SMSF Adviser | Apr 15, 2020 | News

In an online discussion with SMSF Association chief executive John Maroney, ATO assistant commissioner Dana Fleming addressed the issue of whether there would be any compliance action against SMSFs seeking commercial loan relief as a result of rental relief to...
Business confidence at its ‘weakest level’

Business confidence at its ‘weakest level’

by Shared by Accountants Daily | Apr 15, 2020 | News

NAB has released its Monthly Business Survey for March 2020 which saw its largest recorded declines in business confidence and conditions due to COVID-19 and the subsequent containment measures. Read more at the Accountants Daily.
IMF forecasts big coronavirus growth hit amid world in a ‘great lockdown’

IMF forecasts big coronavirus growth hit amid world in a ‘great lockdown’

by Shared by the ABC | Apr 14, 2020 | News

The International Monetary Fund (IMF) has warned Australia’s economy would likely be one of the worst-hit economies in the Asian region as the global community struggles to contain the spread of the coronavirus. Read more at the ABC. 
Latest SEEK data paints grim picture of job market

Latest SEEK data paints grim picture of job market

by Shared by My Business | Apr 14, 2020 | News

According to the job ads website, new job ads posted on SEEK plunged by 65.3 per cent in the first week of April compared to the same week last year, with all sectors suffering a decline. Read more at My Business.
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